Turkey Business Confidence


Turkey: Business confidence falls for sixth straight month

October 23, 2012

The Real Sector Confidence Index published by the Central Bank declined for a sixth consecutive month, falling from 103.1 points in September to 102.4 points in October, its lowest level in nine months. Despite the deterioration, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for a 10th consecutive month. At the current level, business sentiment is now 0.5 points above the level observed in the same month last year. The deterioration in business confidence was mainly driven by a decline in the volume of output expected for the next three months as well as a drop in exports orders for the next three months.


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Turkey Business Confidence Chart

Turkey Business Confidence October 2012

Note: Real Sector Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Central Bank of the Republic of Turkey (CBRT).

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